South Carolina General Assembly
125th Session, 2023-2024

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Indicates Matter Stricken
Indicates New Matter

S. 774

STATUS INFORMATION

Joint Resolution
Sponsors: Banking and Insurance Committee
Document Path: LC-0350WAB-DBS23.docx

Introduced in the Senate on May 3, 2023
Currently residing in the Senate Committee on Banking and Insurance

Summary: State Board of Financial Institutions - Consumer Finance Division: JR to Approve Regulation Document No. 5142

HISTORY OF LEGISLATIVE ACTIONS

Date Body Action Description with journal page number
5/3/2023 Senate Introduced, read first time, placed on calendar without reference (Senate Journal-page 9)
5/5/2023 Scrivener's error corrected
5/10/2023 Senate Recommitted to Committee on Banking and Insurance (Senate Journal-page 42)

View the latest legislative information at the website

VERSIONS OF THIS BILL

05/03/2023
05/04/2023
05/05/2023



Indicates Matter Stricken

Indicates New Matter

Introduced

May 03, 2023

S. 774

Introduced by Banking and Insurance Committee

S. Printed 05/03/23--S.   [SEC 5/5/2023 3:12 PM]

Read the first time May 03, 2023

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A JOINT RESOLUTION

TO APPROVE REGULATIONS OF THE State Board of Financial Institutions - Consumer Finance Division, RELATING TO Check-Cashing Service: RecordKeeping Requirements, DESIGNATED AS REGULATION DOCUMENT NUMBER 5142, PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE SOUTH CAROLINA CODE OF LAWS.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1.   The regulations of the State Board of Financial Institutions - Consumer Finance Division, relating to Check-Cashing Service: RecordKeeping Requirements, designated as Regulation Document Number 5142, and submitted to the General Assembly pursuant to the provisions of Article 1, Chapter 23, Title 1 of the S.C. Code, are approved.

SECTION 2.   This joint resolution takes effect upon approval by the Governor.

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SUMMARY AS SUBMITTED

BY PROMULGATING AGENCY.

The State Board of Financial Institutions (Board) seeks to add R.15-67 to establish by regulation the records that a person required to be licensed under Chapter 41 must keep and maintain and the corresponding records retention period.

The Notice of Drafting was published in the State Register on August 26, 2022.

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This web page was last updated on May 28, 2024 at 12:31 PM